Capricorn’s Story

Capricorn’s Board and management team have a long and proven track record of reliable value creation across a number of well-regarded companies, with a consistent focus on high-margin assets and shareholder returns.

The Company has two exceptional gold projects, Karlawinda and Mt Gibson, located in Western Australia, a tier 1 jurisdiction.

Karlawinda was built in less than 18 months, delivered on budget, and seamlessly transitioned into full production. In its first quarter of production, ending September 2021, the operation produced 24.3koz at an AISC of less than $1,200 per ounce.

Mt Gibson was acquired in 2021 and has been the subject of concerted exploration drilling and environmental surveys since that time. A pre-feasibility study (“PFS”) completed in April 2023 and updated in November 2024 confirming the project as a robust, large-scale, low-cost operation, underpinned by a growing reserve base of 2.7 million ounces and strong financial outcomes.

Capricorn is well positioned, with strong and reliable cash flows from Karlawinda and an exciting growth opportunity at Mt Gibson, supported by a total Company reserve base of 4.0 million ounces.